'I've spoken of the Shining City all my political life. …In my mind it was a tall, proud city built on rocks stronger than oceans, windswept, God-blessed, and teeming with people of all kinds living in harmony and peace; a city with free ports that hummed with commerce and creativity. And if there had to be city walls, the walls had doors and the doors were open to anyone with the will and the heart to get here. That's how I saw it, and see it still.'" Ronald Reagan

'I've spoken of the Shining City all my political life. …In my mind it was a tall, proud city built on rocks stronger than oceans, windswept, God-blessed, and teeming with people of all kinds living in harmony and peace; a city with free ports that hummed with commerce and creativity. And if there had to be city walls, the walls had doors and the doors were open to anyone with the will and the heart to get here. That's how I saw it, and see it still.'" Ronald Reagan

The link you provided doesn't have anything regarding what is being discussed. ????

I don't have time right now, but I'll search for the test data and post it if I can find it.

"Toyota says in the settlement that it misled Americans by making deceptive statements about the safety problems that caused its vehicles to speed up uncontrollably, a stark admission for a company that has built its brand on safety and reliability."

'I've spoken of the Shining City all my political life. …In my mind it was a tall, proud city built on rocks stronger than oceans, windswept, God-blessed, and teeming with people of all kinds living in harmony and peace; a city with free ports that hummed with commerce and creativity. And if there had to be city walls, the walls had doors and the doors were open to anyone with the will and the heart to get here. That's how I saw it, and see it still.'" Ronald Reagan

The link you provided doesn't have anything regarding what is being discussed. ????

I don't have time right now, but I'll search for the test data and post it if I can find it.

Yes $1.2 billion is nuisance money.

'I've spoken of the Shining City all my political life. …In my mind it was a tall, proud city built on rocks stronger than oceans, windswept, God-blessed, and teeming with people of all kinds living in harmony and peace; a city with free ports that hummed with commerce and creativity. And if there had to be city walls, the walls had doors and the doors were open to anyone with the will and the heart to get here. That's how I saw it, and see it still.'" Ronald Reagan

Simple. Because we've grown accustomed to many (not all) companies producing defective products and lying about it when caught. Not saying it's acceptable just a fact of life. Trust me though it does hurt their business at least in the short run.

“The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.” - John Kenneth Galbraith

In 2009, you guys were too busy screaming for Lloyd Blankfein's blood.

FWIW, $1.2 billion is a little more than 5% of one year's worth of Toyota's earnings. That's nuisance money.
Also, Toyota's been co-operating with the government since 2009, the allegations that it pled to were basically for initially misleading the government, and Joe's partly right -
the National Highway Traffic Safety Administration never found defects in electronics or software in Toyota cars, which had been targeted as a possible cause.

GM's been killing people for 10+ years and covered it up. Where are the stones and pitchforks?

What I think is funny is that somehow the fact that someone got a bail-out, which they are paying back, means they should be somehow devoid of flaw. Also let's not forget that so many were willing to blame the union for GM's problems when this is yet further evidence that the people who are truly overpaid at GM and many other companies are in management.

'I've spoken of the Shining City all my political life. …In my mind it was a tall, proud city built on rocks stronger than oceans, windswept, God-blessed, and teeming with people of all kinds living in harmony and peace; a city with free ports that hummed with commerce and creativity. And if there had to be city walls, the walls had doors and the doors were open to anyone with the will and the heart to get here. That's how I saw it, and see it still.'" Ronald Reagan

In 2009, you guys were too busy screaming for Lloyd Blankfein's blood.

Oh I wasn't sure, thanks. The fact is people do not get that bent out shape here over product liability claims. I think you want ralphnaderforums.com for that.

Wait so increasing payroll for line employees by 5% is a tremendous burden on the shareholder yet $1.2 billion is pennies. Remind me that I do not want you to manage my money.

'I've spoken of the Shining City all my political life. …In my mind it was a tall, proud city built on rocks stronger than oceans, windswept, God-blessed, and teeming with people of all kinds living in harmony and peace; a city with free ports that hummed with commerce and creativity. And if there had to be city walls, the walls had doors and the doors were open to anyone with the will and the heart to get here. That's how I saw it, and see it still.'" Ronald Reagan

The profit that Toyota makes...the settlement they paid out is a drop in the bucket. They did it to settle and move on. Not because their was actually something seriously wrong with their cars.

Lawyers smelling blood and all you know.What did they find? As it turns out, the NASA investigation pointed to the same culprits as both Toyota and the Department of Transportation. Instances of unintended acceleration were caused by sticky pedals, floor mat interference, or good old-fashioned pedal misapplicaton.

Oh I wasn't sure, thanks. The fact is people do not get that bent out shape here over product liability claims. I think you want ralphnaderforums.com for that.

Wait so increasing payroll for line employees by 5% is a tremendous burden on the shareholder yet $1.2 billion is pennies. Remind me that I do not want you to manage my money.

Uh, there's a fail. Assuming Ford North America looks like Toyota North America in terms of wages (50% of sales) and pre-tax profit margin (4%), 5% of profits is 0.2% of revenues. A 5% increase in wages would be 2.5% of revenues or 63% of profits. And of course, the settlement is a one-time thing (like your love life). The wage increase is forever (like that sore on your lip.).

Uh, there's a fail. Assuming Ford North America looks like Toyota North America in terms of wages (50% of sales) and pre-tax profit margin (4%), 5% of profits is 0.2% of revenues. A 5% increase in wages would be 2.5% of revenues or 63% of profits. And of course, the settlement is a one-time thing (like your love life). The wage increase is forever (like that sore on your lip.).

Let's be honest. You'd be lucky to have me.

Not if you are willing to throw away $1.2 billion you do not have to.

'I've spoken of the Shining City all my political life. …In my mind it was a tall, proud city built on rocks stronger than oceans, windswept, God-blessed, and teeming with people of all kinds living in harmony and peace; a city with free ports that hummed with commerce and creativity. And if there had to be city walls, the walls had doors and the doors were open to anyone with the will and the heart to get here. That's how I saw it, and see it still.'" Ronald Reagan

The profit that Toyota makes...the settlement they paid out is a drop in the bucket. They did it to settle and move on. Not because their was actually something seriously wrong with their cars.

Lawyers smelling blood and all you know.What did they find? As it turns out, the NASA investigation pointed to the same culprits as both Toyota and the Department of Transportation. Instances of unintended acceleration were caused by sticky pedals, floor mat interference, or good old-fashioned pedal misapplicaton.

Right and that is why as part of the settlement they admitted to wrong doing. And btw GM is probably no more guilty than Toyota.

So you think that people were just lying about their accelerators being stuck?

From your link.

Through analysis and investigations, NHTSA identified two types of vehicle-based mechanical defects as causes of UA. Those were related to pedal entrapment and "sticky pedal." At the urging of NHTSA, Toyota has already recalled more than seven million vehicles because those defects could result in UA.

'I've spoken of the Shining City all my political life. …In my mind it was a tall, proud city built on rocks stronger than oceans, windswept, God-blessed, and teeming with people of all kinds living in harmony and peace; a city with free ports that hummed with commerce and creativity. And if there had to be city walls, the walls had doors and the doors were open to anyone with the will and the heart to get here. That's how I saw it, and see it still.'" Ronald Reagan

Remind me not to hire you as a CEO. You can't fight city hall and you're not going to win with the G. As much in resources as Toyota has to fight, it can't compete with the U.S. government. Somebody at Toyota figured that the $1.2 billion was cheaper than fighting (even if they won).

I don't care if the recall is for electronics or not. A defect is a defect.

'I've spoken of the Shining City all my political life. …In my mind it was a tall, proud city built on rocks stronger than oceans, windswept, God-blessed, and teeming with people of all kinds living in harmony and peace; a city with free ports that hummed with commerce and creativity. And if there had to be city walls, the walls had doors and the doors were open to anyone with the will and the heart to get here. That's how I saw it, and see it still.'" Ronald Reagan

Remind me not to hire you as a CEO. You can't fight city hall and you're not going to win with the G. As much in resources as Toyota has to fight, it can't compete with the U.S. government. Somebody at Toyota figured that the $1.2 billion was cheaper than fighting (even if they won).

So you're saying that it would cost more than $1.2 billion to fight it. Not to mention the damage to Toyota's reputation. Right. Maybe I am not the one who shouldn't be CEO.

Perhaps someone at Toyota realized they ****ed up and that they better pay now because there is no way they could win.

'I've spoken of the Shining City all my political life. …In my mind it was a tall, proud city built on rocks stronger than oceans, windswept, God-blessed, and teeming with people of all kinds living in harmony and peace; a city with free ports that hummed with commerce and creativity. And if there had to be city walls, the walls had doors and the doors were open to anyone with the will and the heart to get here. That's how I saw it, and see it still.'" Ronald Reagan

If they fought and won it would be outstanding. So they were pretty sure they would lose. Makes a pretty big statement considering the burden of proof was on the government. This is nothing to poo poo.

'I've spoken of the Shining City all my political life. …In my mind it was a tall, proud city built on rocks stronger than oceans, windswept, God-blessed, and teeming with people of all kinds living in harmony and peace; a city with free ports that hummed with commerce and creativity. And if there had to be city walls, the walls had doors and the doors were open to anyone with the will and the heart to get here. That's how I saw it, and see it still.'" Ronald Reagan

'I've spoken of the Shining City all my political life. …In my mind it was a tall, proud city built on rocks stronger than oceans, windswept, God-blessed, and teeming with people of all kinds living in harmony and peace; a city with free ports that hummed with commerce and creativity. And if there had to be city walls, the walls had doors and the doors were open to anyone with the will and the heart to get here. That's how I saw it, and see it still.'" Ronald Reagan